What Is the Initial Step in Purchasing a Home?

What Is the Initial Step in Purchasing a Home?

If you’re thinking about buying a home in Portland, you may be asking yourself: Where do I even begin? The process can feel overwhelming, but the very first step is simple—and it sets the tone for everything else that follows.

Step One: Get Pre-Approved for a Mortgage

Before you start scrolling through listings or touring homes, the initial step in purchasing a home is getting pre-approved by a reputable lender. Pre-approval gives you a clear picture of how much home you can afford, what your monthly payments might look like, and it shows sellers that you’re a serious buyer. In competitive Portland neighborhoods—where homes can attract multiple offers—pre-approval can be the deciding factor that gets your offer accepted.

Why This Matters

Without pre-approval, you risk falling in love with a home that’s outside your budget or losing valuable time when you’re ready to make an offer. A pre-approval also uncovers potential financial issues early, giving you time to resolve them before you’re under contract.

The So What Test

So what does this mean for you? It means less stress, a stronger negotiating position, and confidence in your home search. By starting with pre-approval, you’re not just guessing—you’re shopping with clarity and focus.

Next Steps

Once you’re pre-approved, the fun begins: exploring Portland neighborhoods, touring homes, and crafting a strategy that aligns with your lifestyle and financial goals. From historic homes in Irvington to modern builds in the Pearl District, your search becomes more efficient and effective because you know exactly where you stand financially.

If you’re ready to begin your journey, I’d love to guide you through the process. Buying a home is one of the biggest decisions you’ll make, and having a trusted Portland Realtor by your side makes all the difference.

📲 Reach out today—Lisa Mehlhoff Homes, Portland Realtor—let’s turn your homeownership goals into reality.